This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Burying the Obama 'Anti-Business' Myth

The only one not playing the niceties game was House Republican leader John Boehner, who issued a statement describing the Obama business lunch menu as serving up a "nothingburger," and referred to the White House's olive branches as twigs.

We say the whole "Obama Versus the Business World War" is the biggest "nothingburger" of all, and we'd like to stick a branch, or twig, in the eye of the critics continuing to portray the President as the enemy of economic growth and industry.

Indeed, as business leaders have decried the White House policies that would allegedly cripple corporate profits, we ask:
  • Who was president during the most recent quarter, when the largest corporate profits in U.S. history were recorded?
  • Whose administration oversaw the biggest U.S. IPO of the year, engineering the comeback of left-for-dead GM(GM - Get Report)?
  • Which president gave the health insurance companies more or less what they wanted in overhauling a flawed health care system?
  • Who oversaw a tax cut package widely lambasted by his own base as being a free lunch for the elite class?
  • And which President picked up right where "pro-business" President Bush left off in propping up the banking system with bailout dollars and creating a revolving door between the Wall Street elite and the federal government's top economic chiefs?
  • Sure, Wall Street honchos are quick to point out that Obama lambasted "fat cat" bonuses last year -- but c'mon, financiers, you're way too smart to not be able to distinguish a toothless populist rant from a President (and an opinion shared by the overwhelming majority of Americans whose "Main Street" is not called "Wall Street") versus actual policy mandates.

    Business leaders also harp on the financial reform package as a sign of Obama's "anti-business" stance. Yes ... how dare that "anti-business" President bail out a broken financial system and then decide not to simply the leave the broken system intact? The nerve!

    The bottom line: the corporate bottom line's worst enemy is hardly President Obama. In fact, he may just be the most "pro-business" Republican president that Republicans never elected.

    -- Written by Eric Rosenbaum from New York.

    >To contact the writer of this article, click here: Eric Rosenbaum.

    >To follow the writer on Twitter, go to Eric Rosenbaum.

    >To submit a news tip, send an email to:
    2 of 2

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free
    Dividend Stock Advisor

    David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Updates with exact steps to take - BUY, HOLD, SELL
    Trifecta Stocks

    Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

    Product Features:
    • Model Portfolio
    • Intra Day Trade alerts
    • Access to Quant Ratings
    Real Money

    More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

    Product Features:
    • Access to Jim Cramer's daily blog
    • Intraday commentary and news
    • Real-time trading forums
    Only $49.95
    14-Days Free
    14-Days Free
    AXP $64.17 0.39%
    BA $132.91 0.63%
    CSCO $26.26 0.19%
    GOOG $707.00 0.79%
    GM $31.02 1.60%


    Chart of I:DJI
    DOW 17,646.16 -14.55 -0.08%
    S&P 500 2,046.02 -4.61 -0.22%
    NASDAQ 4,700.6070 -16.4870 -0.35%

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs